How to Properly Price Your Products and Services

by Louisiana Small Business Development Center (LSBDC) at Southern University


Date and Time

Thursday January 14th 2021
Starting @ 10:00 am

Location

Virtual

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Description

Topic: Business Accounting This Webinar will walk you through the process of building a custom pricing model which considers all of the necessary components which impact product and/or services profitability. The information will be presented in a clear and practical manner which you can easily understand with simple math and no complex terminology. After attending this Webinar, you should be able to develop your own custom pricing template which will help you achieve your target profitability. There will be an opportunity to reach out to the presenter after the Webinar should you require assistance. This will be an inter-active Webinar so your questions can be addressed. Attendance will be limited to 20, so register now to ensure that you get to experience this informative and useful Webinar. Who should attend? Business owners and managers who have responsibility for product and services pricing. Learning Outcomes Understand what should be considered in pricing to achieve target objectives Leave with the capability to create your own custom pricing model Proper pricing within market constraints may force review of costs Speaker Bio: Ed Dauphin Cares Act Consultant with Louisiana SBDC Selected as one of the Cares Act Consultants to provide financial and business management assistance to Louisiana companies which have been affected by the COVID-19 Lockdown. • Financial analysis including cash flow, profitability and overall business operations • QuickBooks Consulting including setup, review, customizing and training • Inventory control and management 22 Years as Part-Time CFO and Business Consultant I provide part-time CFO services, business consulting and financial analysis including cash flow management, profitability analysis, product pricing, gross profit margin analysis, debt restructuring, cost / benefit analysis, overhead control and inventory management. to Louisiana entrepreneurs. • I have been a QuickBooks Pro Advisor for over 20 years and have setup scores of businesses with custom QuickBooks accounting systems. • I have performed several accounting system restructures and corrective accounting for poorly kept books to create an accounting system that provides meaningful reports to assist the business with making management decisions. • I typically provide training to owners and key team members on how to understand and use the balance sheet and profit and loss statement as a management tool and train accounting personnel in standard operating procedures. 26 Years of Executive Level Experience in the Banking Industry Originally starting my banking career in Lafayette, Louisiana, with a combination of operations and commercial lending experience, I built a reputation that afforded me the opportunity to turnaround a failed bank bought from the FDIC by a group of investors in 1986. As President, I quickly transformed Louisiana Delta Bank into a high-performance bank. I exceeded investor goals by developing updated operational systems, reducing operational cost through the implementation of technology, and acquiring a large agricultural loan portfolio. In 1997 I assumed the role of CFO of the bank holding company, which owned Louisiana Delta Bank, other banks and loan related businesses. I left banking in 1998 to return home to South Louisiana and establish my Part-Time CFO and business consulting practice. www.edauphinconsulting.com Fee: No Cost Register: https://www2.lsbdc.org/workshop.aspx?ekey=20410001


About Louisiana Small Business Development Center (LSBDC) at Southern University

Provides a team of consultants who consulting services for business plans, sales & marketing, human resources, technology commercialization, financial analysis, financing, management, international trade, risk management, and growth management.